Reliance Industries is in Downtrend | Technical Chart | 21-Mar-2012

Below is the technical chart of Reliance Industries, listed on Indian stock exchange, using Ichimoku indicator.

Price is trading below kumo, Tenkan Sen / Kijun sen crossed already taken place, Chikou-span (CS) line is trading inside kumo. All these factors clearly indicates that one should avoid this stock at this stage. There is not even a single positive factor for this stock. If chikou-span line closes below kumo i.e. 739, we might see free fall of this stock. On the upper side, the main resistance is at 776.

Do you like this post? Subscribe to our Free! newsletter to get updated. Just enter your email address

+Admin

Incoming search terms:

• fibonacci fan chart of reliance industries on april 02 /2012
• timeline graph of reliance industry of 2012
• Reliance insurance ltd in bangladesh
• reliance one
• 2011-12 graph table reliance industries ltd
• technical analysis of nifty charts of reliance with tables
• Reliance technical chart 2012
• reliance industries technical trade indicator
• reliance industries share price on 21st march
• kumo gold stock